Developing states aim to lift millions out poverty with new G11 forum

NEW YORK, Sept 20, 2006 (AFP) - Eleven developing economies clubbed together Wednesday to unveil a new forum aimed at easing their debt burden, narrowing the income gap with rich countries and lifting millions of people out of poverty.
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Jordan's King Abdullah II unveiled the Group of 11 (G11) mostly lower-middle income countries on the sidelines of the United Nations General Assembly in New York and appealed to the world's most developed economies for their assistance.

"Today we launch a partnership that can deliver tremendous benefits for the people we serve -- and make a positive impact for all nations," the Jordanian monarch told assembled heads of state and representatives from the 11 countries.

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The group aims to persuade developed countries and notably the Group of Eight (G8) -- the world's most industrialised powers plus Russia -- that given greater access to markets and debt forgiveness, they can harness growth and stability.

"Trade gives multiple advantages.

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Trade gives advantages of job creation and therefore poverty eradication and therefore I would say it strikes at the root of extremism and terrorism," Pakistani President Pervez Musharraf said in a speech.

Besides Jordan, which first proposed the n

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